Not sure if this is me or a catch of three RSU’s issued 2025 in stocks only , had to sell at market value 1-3 immediately. Please check your RSU’s. The third is a gotcha , please check and sell if you want the cash.
For me , two were available for cash, the third was issued in stocks with no notification, just sold at $50…..if you dont do anything, they play games !
@aw there was a Video about how to sell the stocks to cash and be paid out in the email about it being awardded in stock .... and about how the taxes were handled due to the stock.
@OP thanks for that clarification. Also part of the Nov 20th RIF. My 2025 RSUs are still stuck in the LTI Plan and have not been moved to the individual brokerage account yet. I've reached out to HR, but they were useless, just regurgitating the info we received when RIFed. Fidelity is my next step, but I'm certain they will send me back to VZ HR. Was there a special trick that I missed? lol
@b1 to receive it as VZ stock, you must have a Fidelity Brokerage account to receive it. It will still appear in dollar value, but will need to sell the shares in order to withdraw any or all of the amount.
I think this applied to all manager employees. Individual contributor and leaders. Emails were sent out about it. Maybe last year when the grant was issued.
There was clear communication about this last year. Perfect case of people not paying attention
@b5 only band 6? What about band 7?
It was confusing because they weren't 100% clear about it.
But the change to the 2025 ST was messaged last year. They sent an email in the Summer saying the 2025 ST distributions would change for Band 6.
These distribute in 2026, 2027, and 2028 and be come as VZ stock (minus taxes) in lieu of cash. All previous grants from before 2025 would still distribute as cash (minus taxes).
So, the 1st grant from 2025 was distributed as Stock on March 1. The 3rd from 2023 and 2nd from 2024 distributed in Cash (minus taxes) the following 2 weeks.
AFAIK even though taxes were taken out of the VZ stock distribution, capital gains taxes could be taken out if selling at a profit above that price. Based on the current stock price that dipped below $50, you wouldn't pay any additional taxes to sell.
Can someone explain. The last 2025 RSU won’t cash out? What do we need to do to pull it out?
@av — i posted this message, want to note it wasn’t very clear in the email sent last year. then in this year email it was like 1 sentence. it wasn’t a big enough message anywhere so i think that’s why it was missed.
i only know because when i read it last year i panicked lol and same when we got the email this year. lol
There was emails about it early last year and then another end of february early april.
Yup, they cash on 2 and third no communication it was on VZ stock only, unless you sell …slimy ba----ds